Howmet Aerospace (HWM) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Howmet Aerospace in the last twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" HWM shares.
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9 Wall Street research analysts have issued 12 month target prices for Howmet Aerospace's shares. Their HWM share price forecasts range from $42.00 to $52.00. On average, they predict the company's stock price to reach $47.91 in the next twelve months. This suggests a possible upside of 6.2% from the stock's current price.
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Howmet Aerospace's stock was trading at $39.41 at the beginning of 2023. Since then, HWM stock has increased by 14.5% and is now trading at $45.13.
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Howmet Aerospace saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 4,220,000 shares, a drop of 6.8% from the April 15th total of 4,530,000 shares. Based on an average trading volume of 3,370,000 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.0% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Howmet Aerospace Inc. (NYSE:HWM) posted its quarterly earnings results on Tuesday, May, 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.04. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.49 billion. Howmet Aerospace had a net margin of 8.18% and a trailing twelve-month return on equity of 18.39%. The firm's quarterly revenue was up 21.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.31 earnings per share.

Howmet Aerospace declared a quarterly dividend on Friday, April 21st. Shareholders of record on Friday, May 5th will be given a dividend of $0.04 per share on Thursday, May 25th. This represents a $0.16 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Thursday, May 4th.
Read our dividend analysis for HWM.

ETFs with the largest weight of Howmet Aerospace (NYSE:HWM) stock in their portfolio include iShares U.S. Aerospace & Defense ETF (ITA), SPDR S&P Aerospace & Defense ETF (XAR), First Trust Indxx Aerospace & Defense ETF (MISL), Invesco Aerospace & Defense ETF (PPA), Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN), Profound Medical (PRN), WisdomTree U.S. Growth & Momentum Fund (WGRO) and Global X U.S. Infrastructure Development ETF (PAVE).

Howmet Aerospace (NYSE:HWM) pays an annual dividend of $0.16 per share and currently has a dividend yield of 0.37%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HWM will have a dividend payout ratio of 7.62% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HWM.

Howmet Aerospace issued an update on its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $0.41-$0.43 for the period, compared to the consensus earnings per share estimate of $0.40. The company issued revenue guidance of $1.60 billion-$1.62 billion, compared to the consensus revenue estimate of $1.52 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Howmet Aerospace investors own include Arconic (ARNC), AT&T (T), Alcoa (AA), General Electric (GE), Intel (INTC), Boeing (BA), Bank of America (BAC), Cisco Systems (CSCO), CVS Health (CVS) and Chevron (CVX).

Howmet Aerospace trades on the New York Stock Exchange (NYSE) under the ticker symbol "HWM."

Howmet Aerospace's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.02%), Boston Partners (4.41%), State Street Corp (3.98%), FMR LLC (2.75%), Orbis Allan Gray Ltd (2.34%) and Geode Capital Management LLC (1.89%). Insiders that own company stock include Barbara Lou Shultz, Ken Giacobbe and Neil Edward Marchuk.
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Shares of HWM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HWM stock can currently be purchased for approximately $45.13.

Howmet Aerospace (NYSE:HWM) has a market capitalization of $18.65 billion and generates $5.66 billion in revenue each year. The company earns $469 million in net income (profit) each year or $1.15 on an earnings per share basis.

The company employs 21,400 workers across the globe.

Howmet Aerospace's mailing address is 201 ISABELLA STREET SUITE 200, PITTSBURGH PA, 15212-5872. The official website for the company is www.howmet.com. The company can be reached via phone at (412) 553-4545, via email at paul.luther@howmet.com, or via fax at 412-553-4498.